Bitcoin mania 'not a fad,' says Wedbush analyst
Dan Ives, Wedbush Securities’ managing director, believes BTC is on the cusp of a much bigger adoption story. Wedbush Securities, a prominent wealth manager based in Los Angeles, California, believes Bitcoin (BTC) is becoming a permanent fixture in the global financial marketplace.Managing director Dan Ives informed clients on Wednesday that corporate adoption of Bitcoin represents a much bigger story than merely predicting the digital currency’s future price.“We believe the story and theme here is much larger than just investing in Bitcoin and predicting its future price, but rather....
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Wedbush Securities, a very large investment banking and brokerage firms is looking to hire a Bitcoin director to oversee all aspects of Bitcoin transactions within the firm. According to the Wedbush website, the position opening went live on January 8th 2015 and Wedbush seek to fill the position as soon as possible. After acquiring holdings in the Buttercoin Bitcoin exchange last year, Wedbush Securities wish to further expand their reach as well as continue to look into the technology for the future. Also read: Wedbush Securities Acquires Holdings in Buttercoin Bitcoin Exchange Service.....
Just how big a financial opportunity is Bitcoin? Recently, Wall Street has been starting to ask that very question, paying more and more attention to the upstart alternative currency. The first analysis by a registered broker dealer which attempted to value bitcoin's worth was published on 1 December by Wedbush Securities. While Los Angeles-based Wedbush is a respected securities firm, it doesn't count itself among the first-tier of investment banks, or the 'bulge bracket' as its known on Wall Street. The Wedbush research report contained some novel analysis and perspective, but it was....
Wedbush Securities, a leading financial service provider, has announced a relationship with Bitcoin trading platform, Buttercoin. This relationship will extend the company's reach into the sphere of cryptocurrency technology. The investment amount made by Wedbush Securities is undisclosed. Buttercoin's platform allows users a fast, easy, and safe way to trade Bitcoin. Also read: Mozilla Firefox Internet Browser Doubles-Down on Internet Privacy by Partnering With Tor Project. Wedbush Continues Leading Finance Firms Into Bitcoin. Sheri Kaiserman, Head of Equities at Wedbush Securities told....
J. P. Morgan may be highly skeptical about the prospects for bitcoin, but at least one financial research firm is behind the virtual currency. Institutional brokerage Wedbush Securities has become the first to accept bitcoin payments in the US. Los Angeles-based Wedbush has thus far published two reports on bitcoin through its Wedbush Equity Research operation. At the start of December, it released "Bitcoin: Intrinsic Value As Conduit For Disruptive Payment Network Technology". It followed this up with "Digitizing Trust: Leveraging the Bitcoin Protocol Beyond the Coin" a month later. Gil....
Wedbush Securities has issued a new report on bitcoin, concluding that its recent boost in VC funding could unleash its disruptive potential in the long run. The report, titled 'Timing and Sizing the Era of Bitcoin', examines emerging opportunities for bitcoin and its potential effects on various industries. Wedbush analysts Gil Luria and Aaron Turner believe bitcoin could have a profound effect on trust-based markets, payments markets and a range of other industries, including the Internet of Things (IoT). The analysts think the disruption from bitcoin will take longer than expected, but....